Burlington, NC (February
2019) – The Morgan Companies (“Morgan”)
is pleased to announce the acquisition of a portion of Holly Hill Mall in
Burlington, NC, located on the southwest corner of S. Church Street and Huffman
Mill Road.

On February 13, 2019, Church
Street Commons Realty, LLC (“Church”), an affiliate of Morgan, acquired 9.59 acres
from Holly Hill Mall, LLC. The property is currently occupied by a Sears
department store and Prego’s, a family-owned Italian restaurant situated on an
outparcel of the property. General Realty Partners, LLC represented Church and
facilitated the transaction.

“We are excited about the present and future value of this asset” said Trey Morgan, President and CEO of Morgan. “This location has excellent visibility and frontage along one of Burlington’s busiest corridors.”